its not a rumor my friend, its the law of supply and demand, paper money is losing its value with the economic meltdowns, therefore precious metals are going up in prices, if you want to bet that the usa will ever recover from this then good luck waiting, sure it MAY go down but WHAT IF it also goes higher?

Last edited by boy_genius_ck on Sat Jul 23, 2011 10:03 am; edited 1 time in total

reynantecorpuz

Posts : 12Points : 26488Reputation : 0Join date : 2011-06-24

Subject: Re: commemorative silver coins Sat Jul 23, 2011 9:58 am

Marami po ang supply kakaunti ang demand kaya naghohoard sila

reynantecorpuz

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Subject: Re: commemorative silver coins Sat Jul 23, 2011 10:03 am

Kung natatandaan mo i think mga february to april yata yun nung may magbenta kina mangtotoy ng 1911 and 1903 up mga P750 to P1,500 lang naman nila binili in an AU TO UNC condition tapus binbenta nila from 3,500 to 5,600

Kaya maraming SUPPLY

boy_genius_ck

Posts : 28Points : 32313Reputation : 2Join date : 2010-05-28

Subject: Re: commemorative silver coins Sat Jul 23, 2011 10:05 am

reynantecorpuz wrote:

Marami po ang supply kakaunti ang demand kaya naghohoard sila

no offense pero if you can kindly point me to this "maraming supply" then i'll gladly buy it off of you

boy_genius_ck

Posts : 28Points : 32313Reputation : 2Join date : 2010-05-28

Subject: Re: commemorative silver coins Sat Jul 23, 2011 10:09 am

reynantecorpuz wrote:

Kung natatandaan mo i think mga february to april yata yun nung may magbenta kina mangtotoy ng 1911 and 1903 up mga P750 to P1,500 lang naman nila binili in an AU TO UNC condition tapus binbenta nila from 3,500 to 5,600

Kaya maraming SUPPLY

please do not analyze it that way, of course they buy low, kailangan nila kumita, and did you know how much silver spot price jumped from february to april? www.kitco.com

reynantecorpuz

Posts : 12Points : 26488Reputation : 0Join date : 2011-06-24

Subject: Re: commemorative silver coins Sat Jul 23, 2011 10:14 am

boy_genius_ck wrote:

reynantecorpuz wrote:

Kung natatandaan mo i think mga february to april yata yun nung may magbenta kina mangtotoy ng 1911 and 1903 up mga P750 to P1,500 lang naman nila binili in an AU TO UNC condition tapus binbenta nila from 3,500 to 5,600

Kaya maraming SUPPLY

please do not analyze it that way, of course they buy low, kailangan nila kumita, and did you know how much silver spot price jumped from february to april? www.kitco.com

i've heard of this rumor as well. however, at the auction the dealers themselves would need to bid on the coins in that auction as well to have the prices go up.

with regards to the supply of coins, it really depends what coins you are talking about. if you were to talk about the small peso coins that are of bad quality (worn out) then yes, there is a large supply available at the moment which sells for about 1500 per oz of silver. But if you are looking for the AU to UNC old peso coins, then they are harder to find. Even the 25 and 50 peso commemorative coins are getting harder to find because of the demand.

The price is getting higher because of the markup over spot price. an example if the 1974 25 peso bsp coin. it usually sells for Php 1500 but silver value of the coin is slightly higher than Php 1200.